student loans

Wells Fargo exploring $1 billion-plus corporate-trust sale

10/26/20

Wells Fargo is exploring a sale of its corporate-trust unit that could fetch more than $1 billion and is considering whether to find a buyer for its student loan portfolio, according to people familiar with the matter.

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What Wells Fargo’s exit from student lending means for competitors

10/22/20

With the sector facing serious headwinds — from declining enrollment during the pandemic to the prospect of a Biden administration making college free for many families — the departure of a major player could be a shot in the arm for the likes of Discover and Sallie Mae.

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What's in, what's out as KeyCorp resets consumer strategy

10/21/20

The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses.

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6 ways credit unions can attract Gen Z during coronavirus

10/09/20

The industry can gain lifelong members in this demographic by validating their financial concerns as the economy struggles and offering guidance without judgment.

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Lenders must learn from pandemic-related credit reporting issues

09/22/20

Credit unions need to improve their processes to ensure the problems that have arisen with credit reporting during the coronavirus don't happen again.

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Credit unions could take a hit as pandemic alters college landscape

09/01/20

Lenders are struggling to deploy deposits into interest-earning assets, and changes to post-secondary education may further limit these options.

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Banks, consumer groups both got what they wanted in ‘mini-CFPB’ bill

08/31/20

The California plan to create a new, tougher state regulatory agency is at the finish line after lawmakers agreed to key exemptions for banks while maintaining strong enforcement measures for payday lenders and other firms.

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Student borrower protection bill on verge of passage in California

08/28/20

The legislation, which would apply to both banks and nonbanks, would give borrowers the right to sue for damages when servicing violations occur.

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PayPal vows action after advocates flag ties to unaccredited schools

08/24/20

A borrower advocacy group is asking federal banking regulators to investigate PayPal and Synchrony Financial, which partner on a product that is used to offer high-cost education financing.

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Student Loan Relief Update

08/15/20

Student loan relief provisions required by the CARES Act expire on September 30. Those protections included 1) for all federal direct loans: zero interest and automatic payment forbearance, 2) credit towards IDR and PSLF forgiveness for the 6 months covered by the Act, and importantly, 3) suspension of wage garnishments and other collections on defaulted loans.

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